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China's May trade data beat forecasts as exporters rush orders, ride AI wave

China's May trade data beat forecasts as exporters rush orders, ride AI wave

BEIJING, June 9 (Reuters) - China's exports picked up pace in May, as earlier front-loading by overseas buyers to pre-empt Gulf war energy costs fed through to shipments, while steady appetite for semiconductors and AI hardware lent additional support.

South Korea's cabinet approves decree on $350 billion US investment plan

South Korea's cabinet approves decree on $350 billion US investment plan

SEOUL, June 9 (Reuters) - South Korea's cabinet approved on Tuesday a presidential decree as part of the process to allow $350 billion of strategic investments in the United States to proceed under a trade deal struck between the countries last year.

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

BEIJING, June 8 (Reuters) - China's export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war, alongside sustained global demand for semiconductors and AI-related components.

Pentagon Adds Alibaba, Baidu, BYD, and Unitree to List Supporting China's Military

Pentagon Adds Alibaba, Baidu, BYD, and Unitree to List Supporting China's Military

The Pentagon has expanded its list of entities it claims support the Chinese military, now including major companies such as Alibaba, Baidu, BYD, and Unitree. This list, known as the 1260H list, is part of the 2021 National Defense Authorization Act and aims to restrict U.S. business interactions with these entities. The inclusion of these companies is likely to exacerbate tensions between the U.S. and China. The list now comprises 188 companies, with recent additions from the automotive and technology sectors, including Nio and Robosense. This move follows previous actions by President Trump, who has used tariffs to pressure China, including a 100% tax on imported Chinese electric vehicles.

Analysis-Soaring fertilizer prices dim Brazilian farmers' edge over US rivals

Analysis-Soaring fertilizer prices dim Brazilian farmers' edge over US rivals

By Ed White, May Angel and Oliver Griffin WINNIPEG, Manitoba/LONDON/SAO PAULO (Reuters) June 8 - Brazil's cheap, abundant land has long helped the country's farmers create vast, low-cost farms, allowing them to wrest export markets from U.S. farmers hurt when China began switching suppliers during

China's global e-commerce push stalls as Iran war lifts costs, dampens demand

China's global e-commerce push stalls as Iran war lifts costs, dampens demand

By Sophie Yu, Helen Reid and Alessandro Parodi BEIJING/LONDON, June 8 (Reuters) - China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu, Shein and

Taiwan's U.S. Representative Dismisses Concerns Over Potential U.S.-China Negotiations Involving Taiwan

Taiwan's U.S. Representative Dismisses Concerns Over Potential U.S.-China Negotiations Involving Taiwan

Taiwan's Representative to the United States, Alexander Tah-ray Yui, has expressed confidence that Taiwan is not being used as a bargaining chip in U.S.-China negotiations. This statement comes amid discussions of a proposed $14 billion arms sale to Taiwan, which President Trump has suggested could be a 'negotiating chip' with China. Yui emphasized that the U.S.-Taiwan relationship extends beyond security, involving trade, investment, and educational exchanges. He reassured that there is no reduction in U.S. attention towards Taiwan, despite ongoing U.S.-China talks. The U.S. maintains its 'One China' policy, acknowledging Beijing's stance on Taiwan while continuing unofficial relations with the island. The U.S. is Taiwan's primary arms supplier, and such sales often provoke objections from China.

Boeing can provide aftermarket support to China for 200-jet order, executive says

Boeing can provide aftermarket support to China for 200-jet order, executive says

By Allison Lampert SAO PAULO, June 6 (Reuters) - Boeing’s top services executive said on Saturday that the planemaker can provide aftermarket parts support to China to back a 200-plane order announced by the planemaker following a visit by U.S President Donald Trump to Beijing earlier this year. -

High fuel costs to trigger airline failures and consolidation, industry chief says

High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.

US says BYD, Baidu and Alibaba are aiding China's military

US says BYD, Baidu and Alibaba are aiding China's military

By Michael Martina and David Shepardson WASHINGTON, June 8 (Reuters) - The U.S. on Monday issued an updated list of major Chinese companies that it believes are aiding Beijing's military, including e-commerce group Alibaba, Internet search provider Baidu and automaker BYD.

China Imposes 55% Tariff on Australian Beef Amid Export Quota Exceedance

China Imposes 55% Tariff on Australian Beef Amid Export Quota Exceedance

China is set to impose a 55% tariff on Australian beef imports as the country has exceeded its export quota of 205,000 tonnes for the year. This move is part of China's strategy to protect its local farmers by limiting imports. The quota, which is about one-third lower than the previous year's total imports, was quickly approached by Australia, with 90% of the quota already reached. The tariff is expected to significantly impact Australian beef exports to China, which have been popular in Chinese restaurants and high-end supermarkets. This development comes as the United States plans to impose a 12.5% tariff on Australian imports, citing Australia's failure to prevent the importation of goods made with forced labor.

Taiwan needs to 'spend smarter' on its defence, senior US diplomat says

Taiwan needs to 'spend smarter' on its defence, senior US diplomat says

TAIPEI, June 6 (Reuters) - Taiwan needs to "spend smarter" on its defences and learn lessons from the Ukraine and Middle East wars on using drones to ensure the military balance with China, the de facto U.S. ambassador to Taipei said on Saturday.